University of Texas Texas AM Investment Management Co. boosted its position in Merck & Co., Inc. (NYSE:MRK – Free Report) by 25.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,951 shares of the company’s stock after buying an additional 10,462 shares during the quarter. Merck & Co., Inc. makes up about 0.8% of University of Texas Texas AM Investment Management Co.’s portfolio, making the stock its 18th biggest position. University of Texas Texas AM Investment Management Co.’s holdings in Merck & Co., Inc. were worth $5,363,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Chesapeake Wealth Management boosted its holdings in Merck & Co., Inc. by 0.6% during the fourth quarter. Chesapeake Wealth Management now owns 14,740 shares of the company’s stock worth $1,552,000 after purchasing an additional 87 shares during the last quarter. South Plains Financial Inc. increased its stake in Merck & Co., Inc. by 0.6% in the 4th quarter. South Plains Financial Inc. now owns 15,535 shares of the company’s stock valued at $1,635,000 after buying an additional 89 shares during the last quarter. Syverson Strege & Co increased its stake in Merck & Co., Inc. by 2.2% in the 4th quarter. Syverson Strege & Co now owns 4,142 shares of the company’s stock valued at $436,000 after buying an additional 90 shares during the last quarter. Westside Investment Management Inc. lifted its position in Merck & Co., Inc. by 3.1% during the 4th quarter. Westside Investment Management Inc. now owns 3,142 shares of the company’s stock worth $331,000 after buying an additional 93 shares in the last quarter. Finally, Valued Wealth Advisors LLC lifted its position in Merck & Co., Inc. by 26.9% during the 4th quarter. Valued Wealth Advisors LLC now owns 444 shares of the company’s stock worth $47,000 after buying an additional 94 shares in the last quarter. Institutional investors own 76.07% of the company’s stock.
Merck & Co., Inc. Stock Performance
Shares of MRK stock opened at $115.03 on Tuesday. The stock has a market cap of $284.10 billion, a P/E ratio of 32.40, a P/E/G ratio of 2.68 and a beta of 0.21. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.30 and a quick ratio of 1.06. The company has a fifty day moving average price of $116.43 and a two-hundred day moving average price of $113.38. Merck & Co., Inc. has a one year low of $76.66 and a one year high of $125.14.
Merck & Co., Inc. Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, June 15th will be issued a dividend of $0.85 per share. The ex-dividend date is Monday, June 15th. This represents a $3.40 dividend on an annualized basis and a yield of 3.0%. Merck & Co., Inc.’s dividend payout ratio (DPR) is presently 95.77%.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Barclays started coverage on shares of Merck & Co., Inc. in a research note on Friday, February 20th. They set an “overweight” rating and a $140.00 price objective for the company. Citigroup began coverage on Merck & Co., Inc. in a report on Wednesday, May 6th. They set a “neutral” rating and a $125.00 target price on the stock. UBS Group increased their price target on Merck & Co., Inc. from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Wall Street Zen upgraded Merck & Co., Inc. from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $142.00 price target on shares of Merck & Co., Inc. in a research report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Merck & Co., Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.18.
Read Our Latest Analysis on Merck & Co., Inc.
Merck & Co., Inc. Profile
Merck & Co, Inc is a global biopharmaceutical company engaged in the discovery, development, manufacture and marketing of prescription medicines, vaccines, biologic therapies and animal health products. Its portfolio spans multiple therapeutic areas with a particular emphasis on oncology, vaccines and infectious disease, as well as therapies for metabolic and chronic conditions. Among its well-known products are the cancer immunotherapy Keytruda (pembrolizumab) and the human papillomavirus vaccine Gardasil; the company also markets a range of medicines and vaccines for veterinary use through Merck Animal Health.
Founded in the late 19th century as the U.S.
Recommended Stories
- Five stocks we like better than Merck & Co., Inc.
- 3 AI Stocks With Moats That Could Outlast Summer Volatility
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
Want to see what other hedge funds are holding MRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Merck & Co., Inc. (NYSE:MRK – Free Report).
Receive News & Ratings for Merck & Co. Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merck & Co. Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
